1. General Motors Company uses process costing for automobile manufacturing. In November 2030, the company incurs the following costs in its production departments:
   • Assembly Department: Direct materials $80 million, Direct labor $50 million, Factory overhead $30 million
   • Paint Department: Direct materials $60 million, Direct labor $40 million, Factory overhead $20 million
   • Inspection Department: Direct materials $20 million, Direct labor $15 million, Factory overhead $10 million

Required:

• Calculate the total manufacturing costs for each department.
• Allocate factory overhead using the departmental overhead rate method.
• Determine the cost per unit produced in each department.
• Analyze the cost structure of General Motors Company using process costing.
• Prepare a process costing statement for General Motors Company.